RealTime IT News

IBM Surges Past Q3 Earnings Forecast

The third quarter was kind to IBM, which reported healthy growth across each of its principal business lines. The gains in software, hardware and services were buoyed further by rising margins, Big Blue said.

IBM saw brisk growth in emerging overseas markets, along with sustained growth in Brazil, Russia, India and China, the so-called BRIC countries. Datamation has the rundown from IBM's solid third-quarter earnings report.

IBM easily exceeded analysts' estimates in its third quarter, posting a profit of $3.6 billion, or $2.82 a share, on sales of $24.3 billion.

A survey of analysts by Thomson Reuters pegged IBM (NYSE: IBM) for a profit of $2.75 a share on sales of $24.1 billion.

Read the full story at Datamation:
Big Blue Storms Past 3Q Estimates